Manufacturing sales up 4.4% in Q3

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Taipei-Total sales by Taiwan's manufacturing industry rose 4.4 percent year-on-year to NT$6.75 trillion (US$229.5 billion) in the third quarter of 2017, marking the fourth consecutive quarter of growth as global demand continues to soar, according to a report released Thursday by the Ministry of Economic Affairs (MOEA).

For the first three quarters of this year, manufacturing sales were NT$19.19 trillion, up 4.5 percent from the same period last year and the highest growth for the same period in five years, according to the MOEA report on manufacturing investment and performance for the third quarter of 2017.

By sector, computer, electronic and optical product sales for the third quarter were NT$2.26 trillion, accounting for the largest share of total sales in the manufacturing industry, but still down 0.1 percent year-on-year.

All other sectors posted year-on-year revenue growth for the third quarter, with chemical materials gaining 11 percent, crude oil and coal rising 13.6 percent and base metals up 17.1 percent.

Mechanical equipment sales gained 9.6 percent year-on-year to hit a single quarter record of NT$270.5 billion.

During the third quarter of this year, the manufacturing industry invested NT$233 billion in fixed assets, down 18 percent year-on-year, the first decline since the third quarter of 2015, according to the ministry.

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